Shares of Activision Blizzard Rise to a New 52-Week High

Activision Blizzard (NASDAQ:ATVI) traded at a new 52-week high today of $61.05. Approximately 902,000 shares have changed hands today, as compared to an average 30-day volume of 5.1 million shares.

In the past 52 weeks, shares of Activision Blizzard have traded between a low of $22.66 and a high of $61.05 and are now at $60.69, which is 168% above that low price. The 200-day and 50-day moving averages have moved 0.52% higher and 0.83% higher over the past week, respectively.

Based on a current price of $60.69, Activision Blizzard is currently 16.4% above its average consensus analyst price target of $50.75. The stock should find initial support at its 50-day moving average (MA) of $33.30 and further support at its 200-day MA of $32.98.

SmarTrend recommended that subscribers consider buying shares of Activision Blizzard on January 11th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $38.79. Since that recommendation, shares of Activision Blizzard have risen 56.1%. We continue to monitor ATVI for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.